ETY vs JPEF
Eaton Vance Tax-Managed Diversified Equity Income Fund vs JPMorgan Equity Focus ETF
Which is better, ETY or JPEF?
JPEF has been ahead.
JPEF has a lower expense ratio. JPEF led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. JPEF is less concentrated, with 45.8% of the fund in its ten largest positions against 50.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ETY | JPEF |
|---|---|---|
| Expense Ratio | 1.06% | 0.44%Best |
| AUM | $1.8B | $2.1B |
| Dividend Yield | 7.52% | 0.64% |
| Holdings | 61 | 84 |
| YTD Return | -2.20% | +9.64%Best |
| 1Y Return | -2.84% | +11.56%Best |
| 3Y Return (annualized) | +15.48% | +19.60%Best |
| 5Y Return (annualized) | +8.08% | - |
| Volatility (annualized) | 12.9% | 12.3%Best |
| Max Drawdown | -21.3% | -18.1%Best |
| $10,000 over 3.2 years | $14,474 | $16,604Best |
| Top 10 Weight | 50.5% | 45.8%Best |
| Fund Family | Eaton Vance | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 27, 2006 | Mar 10, 2023 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 31, 2023 to Oct 14, 2026 (3.2 years).
ETY vs JPEF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
ETY vs JPEF Performance
Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) is an ETF from Eaton Vance and JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management. Over the past year ETY returned -2.84% while JPEF returned +11.56%. Year to date, ETY is down 2.20% versus a gain of 9.64% for JPEF.
Over three years, ETY compounded at +15.48% per year against +19.60% for JPEF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETY has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 12.3% for JPEF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.3% for ETY and -18.1% for JPEF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ETY charges 1.06% per year while JPEF charges 0.44%. On a $10,000 position that is $106 vs $44 annually, a gap of $62 per year that compounds over a long holding period. On income, ETY currently yields 7.52% against 0.64% for JPEF.
Holdings Overlap
50.9% of ETY's money is in holdings JPEF also owns. 53.2% of JPEF's money is in holdings ETY also owns.
The two portfolios partly overlap.
The two holdings books were reported 62 days apart, ETY as of Jul 31, 2026 and JPEF as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
15 positions in common, counted across the 58 positions we hold weights for in ETY and 41 in JPEF, against full books of 61 and 84.
What only one of them owns
Our book lists 25 positions for JPEF that do not appear in our book for ETY (45.0% of the fund), and 38 for ETY that do not appear in JPEF (46.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ETY | Weight in JPEF | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.28% | 9.59% | 0.31% |
| GOOGAlphabet, Inc.- Cl C | 7.02% | 6.33% | 0.69% |
| AAPLApple Inc | 7.05% | 5.69% | 1.36% |
| MSFTMicrosoft Corp_None_0 | 6.19% | 5.05% | 1.14% |
| AMZNAmazon.Com Inc | 5.50% | 4.50% | 1.00% |
| AVGOBroadcom Inc | 4.14% | 2.80% | 1.34% |
| JNJJohnson & Johnson - Common | 1.58% | 3.24% | 1.66% |
| METAMeta Platforms, Inc. | 2.35% | 2.36% | 0.01% |
| ADIAnalog Devices, Inc. | 1.27% | 3.08% | 1.81% |
| AMDAdvanced Micro Devices Inc. | 1.39% | 2.74% | 1.35% |
53.2% of JPEF is already inside ETY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ETY or JPEF?
ETY has an expense ratio of 1.06% while JPEF charges 0.44%. JPEF is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, ETY or JPEF?
Over the past year ETY returned -2.84% vs +11.56% for JPEF, so JPEF leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETY or JPEF?
ETY has been the more volatile fund at 12.9% annualized versus 12.3% for JPEF. Worst drawdown: ETY -21.3% vs JPEF -18.1%.
Should I hold both ETY and JPEF?
ETY and JPEF have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ETY and JPEF?
53.2% of JPEF's money is in holdings ETY also owns. 53.2% of JPEF's is in holdings ETY also owns. They hold 15 positions in common, counted across the 58 positions we hold weights for in ETY and 41 in JPEF.
Which pays a higher dividend, ETY or JPEF?
ETY yields 7.52% while JPEF yields 0.64%, so ETY currently pays the higher dividend yield.
Is JPEF better than ETY?
JPEF has a lower expense ratio. JPEF led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. JPEF is less concentrated, with 45.8% of the fund in its ten largest positions against 50.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.